Chapter 28 Kitahara Automobile and Collapse of Agriculture
December 21, 1990.
Fuji Bank, a subsidiary of the Fuji Group, officially announced its complete divestment from Yamaichi Securities and requested the fulfillment of Fuji Bank’s financing guarantee in Yamaichi Securities.
Having lost its ultimate backer, Yamaichi Securities, which had many problems, was finally unable to support it. They operated securities business in Japan and also operated banking business in Europe. After such a debt default situation, there was only one way to go -
"Autonomous waste industry" stipulated in the "Securities Introduction Law".
On that day, "Kitahara Economic News", a subsidiary of Kitahara Interactive Entertainment, published an article titled "Shanichi Securities: The story of independent abolition of industry."
Yamaichi Securities, one of Japan's four major securities companies that is in dire straits, held an interim board meeting and formally decided to "self-incorporate" and submitted an application to Japan's Ministry of Finance to cease operations that morning.
This year coincides with the 100th anniversary of the establishment of Shanyi Securities. The "century-old store" has not yet held a banquet for its 100th birthday, but the bell rang for closing.
Yamaichi Securities was the largest of the companies that collapsed after the bubble economy burst. Its demise brought an unimaginable impact to the entire Japanese financial industry. The loss of customers’ assets and the disappearance of massive amounts of supplementary funds were frightening.
, what is even more frightening is the collapse of Shanyi Securities, with a total of 7,500 employees facing unemployment.
Former president Naganozawa apologized via satellite to employees of branches across Japan and their families. He was subsequently arrested and imprisoned and will face more than thirty years of imprisonment. His son Nagano Nobu is also heavily in debt and has a bad record.
The situation is equally worrying.
Daishowa Paper Co., Ltd. and Hanwa Kogyo Co., Ltd. have similar problems, but they are not related to corporate organizations like the General House. The only financial risks that arise are not to the level of illegal crimes. The two presidents have been in the company for a slightly shorter time.
Some, and a large number of employees left behind by the two closed companies can find new jobs through the market.
However, the benefits of the new job are very different from those of the original job. At this stage, the employment rate is plummeting, and a large wave of college students who have just graduated have to compete with these veterans who have been in the society for a long time for the few jobs.
Jobs no longer have the same situation as before when they were snapped up by clubs as soon as they left school.
The first front that the economic winter will invade is the issue of new employment.
A large number of poorly run clubs are facing bankruptcy, and better ones have to be reorganized, reduced in size, and benefits significantly reduced. Needless to say, it is a surprise to avoid being laid off.
There are fewer jobs, but the number of talents is increasing. Once a wave of employment difficulties occurs, it will have a terrible impact on the entire country's economy.
The financial industry, which used to be the hottest real estate industry, is now depleted. Banking financial institutions are also facing an unprecedented crisis. This time, the number of social recruitment has dropped significantly.
On the same day, Daishowa Paper and Hanwa Kogyo declared bankruptcy, and the two presidents were imprisoned. All the resources and properties of the companies were auctioned off, but the income from their auctions was completely unable to make up for their losses. This part of the money
, all filled with previous public funds.
In fact, the Ministry of Finance and the Bank of Japan have made up for this loss by reducing their contributions to the national treasury, but in essence they still shift the burden to the citizens.
The only lucky one is Mazda Co., Ltd., which has the smallest internal problems and losses. After the former president Jingdang was imprisoned, the company applied for independent abolition. Under the government's public auction, Mazda Co., Ltd. was invested by Kitahara for 5,000
Won an amount of 100 million yen!
Daring to take over this battered automobile company during this period, Kitahara Sosuke's boldness once again shocked everyone in the investment community.
On this day, Kitahara Sosuke personally went to the Kyoto Department of International Trade and Industry to register a new company under Kitahara Investment - Kitahara Motors.
Kitahara Motor Co., Ltd. integrated Takeuchi Rubber and more than 20 Osaka-related automobile industry companies, and created a new automobile brand with the original Mazda as the core. The car logo is a raging direwolf, just like Rolls-Royce.
The little golden figure usually stands on the front of the car.
For Kitahara Motors, Kitahara Sosuke started the layout when he was in Osaka, allowing Takeuchi Rubber and other companies to rise from the bottom, and experienced the baptism of fire and blood. Before that, he had them go to Mitsubishi Motors to observe and learn. Step by step, the paving was finally completed.
This is how Beiyuan Automobile, which goes against the current, came into existence.
Kitahara Sosuke had communicated with Takeuchi Hikari on the phone before, asking them to design a practical car that is close to the people, practical, and low-priced. He instilled in him all the knowledge about some of the most popular economical cars known to future generations.
They soon had a new plan——
A new car model named Wolf God is produced.
Regarding things like car names, Kitahara Sosuke couldn't laugh or cry. Just like Kitahara Shenlang Credit Bank, his initial thought was that it would be better to call Kitahara XX, which is simple and easy to understand and easy to remember. However, the board members all felt that
It needs to be more domineering and fit the style of the club, which is why we have these weird names.
He is too lazy to worry too much about these things. Anyway, after the later integration, these things will be deleted and modified according to his wishes. For now, the wolf god is the wolf god. In Japanese, wolf and god are the same words, but
It looks a little weird when translated into Chinese.
Thinking of the conversation that Saito Ryoui and the other four had with him at the gathering at Gekko Manor, Kitahara Sosuke just felt so sad. Now that he has passed away, the rest of his legacy has quietly become his family property.
In addition, after Taotaro gave up completely, he directly handed over the power of the Kyoto Branch to Sosuke Kitahara. From then on, he was nominally the vice president and actually controlled all important departments of the branch. However, the problems left by Takashi Sato, Kitahara
Aosuke also started to solve it.
His idea is very simple. The money lost cannot be recovered. The four clubs are finished. No matter it is the joint financing project or the 500 billion yen sent out, there is no point left. It is useless to dwell here.
What they can do is use greater performance to make up for this part of the deficit.
At a press conference a few days ago, the high-spirited Morihiro Hosokawa put forward plans and ambitions for the development of new industries. Congress and the government will vigorously support and promote the new troika.
His father-in-law took everything on his shoulders, giving the Prime Minister and Cabinet a chance to breathe. All pressure and waves poured into the Chino family. The century-old wealthy family in Kyoto suddenly suffered a very heavy blow, and the Prime Minister and Cabinet took this opportunity to want to
Then support agriculture that they are optimistic about.
pity.
On the day that Chino Masato left home and retired from politics, the Kyoto agriculture controlled by the Chino family suffered a shocking economic loss. The agriculture they regarded as their last lifeline collapsed.